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Sep 30, 2012
09/12
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we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i think that in education, you are already starting to see a shift. if you look at what happened a couple weeks ago in chicago. you have a democratic mayor, rahm emanuel, who is facing a $300 million deficit in the city, who is looking at 80% of the children in the city not operating on grade level in reading or mathematics. where they had the shortest school day and school year of anywhere in the country, and he's finally, uplike many democratic politicians, said enough is enough. i'm not going to give you these raises without-- what the union wanted was lifetime job security and absolutely no accountability. so he said we can't-- we can't continue on that track. and i think for him
we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i think that in education, you are already starting to see a shift. if you look...
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Oct 4, 2012
10/12
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the federal subsidy for pbs in 2012 doesn't make up a huge part of this deficit. for example, 2012, the federal subsidy for pbs was $444 million. if you compare that to romney's plan for the federal budget, you'll see how miniscule it is. pbs subsidy, $444 million. but if you look at the tax breaks to oil and gas companies that romney defended last night, those add up to $4 billion this year alone. and take a look at mitt romney's plan for the defense budget. he wants to increase spending by $2 trillion over the next ten years. so, i mean, big bird is a big diversion to what he's really talking about in terms of the deficit. >> well, i think those of us out here crave specifics from governor romney. and when he's talked about this in the past, he's often thrown big bird under the bus. i don't know what would happen if he threw big bird under the bass. maybe the bus would go off the road. but never the let's, he has this little set piece he does. do you want to know what i'll cut? i'll cut pbs and big bird, the national endowment of humanities and the amtrak subsid
the federal subsidy for pbs in 2012 doesn't make up a huge part of this deficit. for example, 2012, the federal subsidy for pbs was $444 million. if you compare that to romney's plan for the federal budget, you'll see how miniscule it is. pbs subsidy, $444 million. but if you look at the tax breaks to oil and gas companies that romney defended last night, those add up to $4 billion this year alone. and take a look at mitt romney's plan for the defense budget. he wants to increase spending by $2...
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you said you would cut the deficit in half. and we'll have a trillion dollar deficit each of the next four years. if you are re-elected we'll get to a trillion dollar deficit. you said before you would cut it in half. i love this idea of $4 trillion in cuts. you've found $4 trillion to get closer to a balanced budget, yet we still have trillion dollar deficits every year. let me come back -- why don't i want to raise taxes? why don't i want to raise taxes on people? and actually you said it. back in 2010, you said, look, i'm going to extend the tax policies we have. i won't raise taxes on anyone. when we're in a recession, you shouldn't raise taxed on anyone. the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made the statement. if you believe the same thing, you don't want to raise taxes on people. and the reality is, it's not just wealthy people, not just donald trump are you taxing. it's all the businesses that employ one quarter of the workers in america, that are taxes a
you said you would cut the deficit in half. and we'll have a trillion dollar deficit each of the next four years. if you are re-elected we'll get to a trillion dollar deficit. you said before you would cut it in half. i love this idea of $4 trillion in cuts. you've found $4 trillion to get closer to a balanced budget, yet we still have trillion dollar deficits every year. let me come back -- why don't i want to raise taxes? why don't i want to raise taxes on people? and actually you said it....
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Oct 1, 2012
10/12
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we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i think that in education, you are already starting to see a shift. if you look at what happened a couple weeks ago in chicago. you have a democratic mayor, rahm emanuel, who is facing a $300 million deficit in the city, who is looking at 80% of the children in the city not operating on grade level in reading or mathematics. where they had the shortest school day and school year of anywhere in the country, and he's finally, uplike many democratic politicians, said enough is enough. i'm not going to give you these raises without-- what the union wanted was lifetime job security and absolutely no accountability. so he said we can't-- we can't continue on that track. and i think for him
we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i think that in education, you are already starting to see a shift. if you look...
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Oct 1, 2012
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of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of charitable deductions, won't get rid of homeowner, state and local. that's where all the money is. it's not little doodads here. joan, you take this one. he won't tell us. same question comes up wednesday night, can romney dodgeball it? can he say i'm not telling you how i'm going to do the major thing i promised to do, get the economy going through a tax cut, but i'm not going to tell you how i'm going to do it. can he get away with it with even the -- >> i hope not. i think this is a moment for jim lehrer to be very tough, respectful tough, and for president obama to come back at him and to say, look, i'm happy to see -- your running mate said he didn't have enough time on sunday. that's too bad. that's terrible, in fact. i'm willing to cede, governor romney -- >> could jim lehrer get away with simply saying, i have a little liberty here, a little leeway, i will give you all the time it takes. tell us now
of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of charitable deductions, won't get rid of homeowner, state and local. that's where all the money is. it's not little doodads here. joan, you take this one. he won't tell us. same question comes up wednesday night, can romney dodgeball it? can he say i'm not telling you how i'm going to do the major thing i promised...
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Oct 4, 2012
10/12
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we have to close our deficit. we will discuss how we deal with our tax code and how we make sure we are reducing spending in a response away and have enough revenue to make those investments. governor romney's central economic plan calls for a $5 trillion tax cut on top of the extension of the bush tax cut. $2 trillion in additional military spending -- without dumping the cost on the middle-class americans. that is one of the central questions of this campaign. >> you have spoken about a lot of different things. governor romney, do you have a question you would like to ask directly about something he just said? >> i do not have a tax-cut scale you're talking about. we have to provide tax relief to people in the middle class. i will not reduce the share of taxes paid by high income people. they are doing fine in the economy. the people who are having a hard time are middle-income americans. under the president's policies, they have been buried. middle income americans have seen their income decreased by $4,300. th
we have to close our deficit. we will discuss how we deal with our tax code and how we make sure we are reducing spending in a response away and have enough revenue to make those investments. governor romney's central economic plan calls for a $5 trillion tax cut on top of the extension of the bush tax cut. $2 trillion in additional military spending -- without dumping the cost on the middle-class americans. that is one of the central questions of this campaign. >> you have spoken about a...
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the purpose of cutting taxes now is not to incur a budget deficit but to achieve a more prosperous expanding economy which can bring a budget surplus. could you have said it any better? >> no, i could not. the other thing kennedy said a rising tide lifts all boats. in other words he was getting away from the class warfare stuff. the class warfare thing makes a lot of sense politically but only politically. i don't think, obama knows this because he was asked this question back in 2008 and he understood sometimes you jack up the tax rate you get less and sometimes you bring it down and you get more but, his goal obviously is not to get more revenue for the government. it is to get more votes for himself by painting the republican as defenders of e rich while he is the champion of the middle class and the poor. david: well in 1980, as you well remember they tried the same thing against ronald reagan. in fact even some republican like george herbert walker bush called it voodoo economics this idea. the american public didn't like it. we like the notion of lower tax rates across the board for ev
the purpose of cutting taxes now is not to incur a budget deficit but to achieve a more prosperous expanding economy which can bring a budget surplus. could you have said it any better? >> no, i could not. the other thing kennedy said a rising tide lifts all boats. in other words he was getting away from the class warfare stuff. the class warfare thing makes a lot of sense politically but only politically. i don't think, obama knows this because he was asked this question back in 2008 and...
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Sep 26, 2012
09/12
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. >> another vulnerability for the president may be the deficit. he promised to cut it in half by the end of his term but it's now topped $1 trillion for four straight years. the "new york times" cbs news poll found in ohio, romney has a slim four-point lead on the deficit. today, the "washington post" fact checkers gave the president four pinocchios for claiming on cbs' "60 minutes" 90% of the boost in deficit came from leftover bush policies. >> we took emergency actions. that accounts for 10% of this increase in the deficit. >> now the economy is front and center one week from tonight at the first presidential debate. two days later the president gets a september jobs report. interesting a moment ago he told the crowd he wants to export more jobs. quickly correcting himself and said he wants to export more products and joked i was channeling my opponent there. bret? >> bret: standing next to carl are you? it looks like carl's backdrop. ed henry -- >> very similar. >> bret: thank you very much. now to the international news. close circuit video o
. >> another vulnerability for the president may be the deficit. he promised to cut it in half by the end of his term but it's now topped $1 trillion for four straight years. the "new york times" cbs news poll found in ohio, romney has a slim four-point lead on the deficit. today, the "washington post" fact checkers gave the president four pinocchios for claiming on cbs' "60 minutes" 90% of the boost in deficit came from leftover bush policies. >> we...
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Oct 3, 2012
10/12
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we have seen a trade deficit explode. take auto parts. ten years ago, the trade deficit was $1 billion with china on auto parts. today it's $10 billion. that's why the president at the urging of a number of us, they have taken china to the world trade organization to show china is cheating and to ask for tariffs to protect american companies and to protect american workers. and we're seeing a pattern of the government finally on the side of workers, finally on the side of american manufacturing, standing up for american workers against china. we have a new steel mill. we're seeing jobs actually come to this country or stay in this country because we're standing up and enforcing trade rules. >> romney and the republicans keep talking about another tax cut for the job creators. don't we just see them increasing their profits by outsourcing this way? i mean, the model that romney wants to lay on the country, how could it be good for workers in ohio? >> well, it's not. we tried these tax cuts for the rich. hoping it trickles down to the middl
we have seen a trade deficit explode. take auto parts. ten years ago, the trade deficit was $1 billion with china on auto parts. today it's $10 billion. that's why the president at the urging of a number of us, they have taken china to the world trade organization to show china is cheating and to ask for tariffs to protect american companies and to protect american workers. and we're seeing a pattern of the government finally on the side of workers, finally on the side of american...
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Sep 27, 2012
09/12
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and what do we do about the deficit? >> john, it's great to have you on the program. thank you so much. >> thanks, maria. >> john thain joining us as chairman and ceo at cit. let's get to brian shackman. >> fascinating to look at this. they beat on eps and revenue. the the revenue was 6.67. take a look at the stock. it is dropping and continues to drop. now down 4%. it's been a percent every two minutes during that thain interview. we were looking at margins, looking at china, and the u.s. margins were compressed. that's a negative. china was better than expected. that's not offsetting things. u.s. was better than expected. that's not offsetting things. europe was supposed to be up 3.4%. it was down 5%. they paid more in taxes. their sg&a means they're spending more than they're taking in. it's a mixed bag. >> all right, brian. thank you so much. meanwhile, we told you research in motion out with earnings. the stock is soaring in the extended hours trading session. what does that mean to investors in we have the analysis on r.i.m. next. >>> and would you spend twice y
and what do we do about the deficit? >> john, it's great to have you on the program. thank you so much. >> thanks, maria. >> john thain joining us as chairman and ceo at cit. let's get to brian shackman. >> fascinating to look at this. they beat on eps and revenue. the the revenue was 6.67. take a look at the stock. it is dropping and continues to drop. now down 4%. it's been a percent every two minutes during that thain interview. we were looking at margins, looking at...
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Oct 2, 2012
10/12
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number two, to make the deficit go away and live within our means. i was not able to do it. >> sean: we have much more with governor schwarzenneger. is he supporting a candidate this election? that is coming up next. [ male announcer ] if it wasn't for a little thing called the computer, we might still be making mix tapes. find this. pause this. play this. eject this. write this. it's like the days before esurance express lane™. you had to find a bunch of documents just to get a car insurance quote. now express lane finds your driving info with just one click, saving time to be nostalgic about the days before express lane. thank you, insurance for the modern world. esurance. now backed by allstate. click or call. >> sean: we continue now with arnold schwarzenegger. he's written a new memoir. it's called "total recall: my unbelievably true life story." you talk about in your book, you go through a childhood where you grew up, where you had to walk to get water. >> milk. >> sean: milk. you didn't have a bathroom. you didn't have running water. you di
number two, to make the deficit go away and live within our means. i was not able to do it. >> sean: we have much more with governor schwarzenneger. is he supporting a candidate this election? that is coming up next. [ male announcer ] if it wasn't for a little thing called the computer, we might still be making mix tapes. find this. pause this. play this. eject this. write this. it's like the days before esurance express lane™. you had to find a bunch of documents just to get a car...
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Sep 26, 2012
09/12
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you've got to cut the deficit. you've got to stop spending more money than we take in. and finally champion small business. have tax policies, regulations, and healthcare policies that help small business. we put those in place; we'll add twelve million new jobs in four years. i'm mitt romney and i approve this message. captioned by the national captioning institute --www.ncicap.org-- >> apple products are extremely popular with consumers. >> right so law-enforcement officers are also noticing that they are also very popular with thieves. >> that is right. numbers out of new york city are so alarming that the d.c. police sent out a notice of it last night. more than 7000 apple products have been stolen so far this year more than last year. this man has a sort of gadgets that -- has the sort of gadgets that thieves like. >> they are very valuable. they retain their value. the resale value is high. they are commodities. >> sales are up this year. police have yet to see a similar spike, here, but there was recently a notice sent out to some students morning of theft. >> th
you've got to cut the deficit. you've got to stop spending more money than we take in. and finally champion small business. have tax policies, regulations, and healthcare policies that help small business. we put those in place; we'll add twelve million new jobs in four years. i'm mitt romney and i approve this message. captioned by the national captioning institute --www.ncicap.org-- >> apple products are extremely popular with consumers. >> right so law-enforcement officers are...
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Oct 3, 2012
10/12
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the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong track. i think this for the president is not about mitt romney. those advantages, chuck, on china, foreign policy and the deficit aren't as strong as for usual republicans. and the final point i would make is i think the important thing for this election is that braump has a 52 positive, 42 negative image. mitt romney has a negative image. only two have had a net negative image at this point and one of them loss, george h.w. bush and romney needs to improve that dynamic. >> democratic pollster. thank you very much to both of you. we have to get back in the field. let's keep poling. just two days away from friday's jobs report. we will get a quick preview on wall street on the market run down. and then we are taking a tr
the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong track. i think this for the president is not about mitt romney. those advantages, chuck, on china, foreign policy and the deficit aren't as strong as for usual republicans. and...
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Sep 26, 2012
09/12
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>> do we want four more years of trillion-dollar deficits? >> no. >> so, ben, mitt romney has raised $6 million to president obama's $2.8 million. the super pacs as i know you're aware has fire power to release. when that happens in conjunction with the debates, do you fear an even tighter race here? >> well, mitt romney has to pre sent a plan. that's what these advertisements won't be able to do. the burden is on him to explain why returning to the same economic policies that caused the crisis in the first place, more tax cuts for millionaires and billionaires, stripping it over wall street will somehow unleash job creation when it hasn't in the past. ultimately they here not building on the ground. we've been on the ground for the past four years. our organizers and supporters talking to their neighbors and communities. they may be able to build a 72-hour turnkey operation but they won't have the same roots in the community that we've been building over the past four years. that will be stronger than any negative advertisement on the air fo
>> do we want four more years of trillion-dollar deficits? >> no. >> so, ben, mitt romney has raised $6 million to president obama's $2.8 million. the super pacs as i know you're aware has fire power to release. when that happens in conjunction with the debates, do you fear an even tighter race here? >> well, mitt romney has to pre sent a plan. that's what these advertisements won't be able to do. the burden is on him to explain why returning to the same economic...
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Sep 26, 2012
09/12
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it's the only area that he beats the president 4% in terms of the deficit. but before you celebrate that -- >> i'm celebrating that. >> -- the bloomberg poll finds that 50% of americans view him unfavorably. 50%. that's the worst september rating for a presidential challenger in three decades of the poll. the worst. >> it's really bad. and you've got republicans saying, just wait for the debates. that's when people are going to tune in. >> every time he's had one of these moments -- and every time he's had one of these moments, not only has he failed to capitalize on them, in fact, he's fallen further behind. i don't think mitt romney is up to the task of turning this thing around and i don't think there are enough undecided voters left. >> bob, he's still digging in, feeling he could win white working-class voters in ohio on this welfare claim. he's sticking to his guns on the claim that the president wants to roll back work requirements for welfare even though politofact take a look at what he says. >> any time there's anything that has been amiss, we corr
it's the only area that he beats the president 4% in terms of the deficit. but before you celebrate that -- >> i'm celebrating that. >> -- the bloomberg poll finds that 50% of americans view him unfavorably. 50%. that's the worst september rating for a presidential challenger in three decades of the poll. the worst. >> it's really bad. and you've got republicans saying, just wait for the debates. that's when people are going to tune in. >> every time he's had one of...
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Oct 4, 2012
10/12
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. >> there are three ways you can cut the deficit. one is to raise taxes. no. two is to cut spending. number three is to grow the economy. if more people work, they are paying taxes and you can get the job done that way. the president would prefer raising taxes. the problem is that it slows down the rate of growth. you can never quite get the job done. i want to lower spending and encourage economic growth at the same time. what would i come from spending? i would eliminate all programs by this test if they do not pass it. is is so critical it is worth borrowing money from china to pay for? if not, i would cut it. obamacare is on my list. i use that term with all respect. >> i love it. >> i will stop subsidies to pbs. i will not keep spending money on things to borrow money to pay for it. i will take programs that are currently good programs, but if you run more efficiently at the state level. number three, i will make government more efficient and cut back the number of employees. i will combine some agencies and departments. cutbacks will be done through attr
. >> there are three ways you can cut the deficit. one is to raise taxes. no. two is to cut spending. number three is to grow the economy. if more people work, they are paying taxes and you can get the job done that way. the president would prefer raising taxes. the problem is that it slows down the rate of growth. you can never quite get the job done. i want to lower spending and encourage economic growth at the same time. what would i come from spending? i would eliminate all programs...
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Oct 4, 2012
10/12
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. >> you said you'd cut the deficit in half. it's four years later, we still have trillion-dollar deficit. >> the way we do is for additional cut, we ask for a dollar of additional revenue, paid for, as i indicated earlier, by asking those of us who have done very well in this country to contribute a little bit more to reduce the deficit. >> reporter: the president insisted romney would spend $5 trillion on tax breaks favoring the wealthy. >> math, common sense and our history shows us that's not a recipe for job growth. >> everything he just said about my tax plan is inaccurate. >> reporter: they clashed on wall street, whether banks should be too big to fail, and medicare. >> cutting $716 billion from medicare to be able to balance the additional cost of obama care is, in my opinion, a mistake. >> if you repeal obama care, and i have become fond of this term, obama care, if you repeal it, what happens is those seniors right away are going to be paying $600 more in prescription care. >> reporter: the fiercest exchange over heal
. >> you said you'd cut the deficit in half. it's four years later, we still have trillion-dollar deficit. >> the way we do is for additional cut, we ask for a dollar of additional revenue, paid for, as i indicated earlier, by asking those of us who have done very well in this country to contribute a little bit more to reduce the deficit. >> reporter: the president insisted romney would spend $5 trillion on tax breaks favoring the wealthy. >> math, common sense and our...
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Oct 2, 2012
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in terms of achieving the same amount of deficit reduction over the 10-year window. just use the budge -- budget committees and budge budget process to enforce this. to come up with reforms that achieve certain spending or revenue targets. the tpc's analysis is the kind of analysis we're going to need to be able to recycle as we go. it is the kind of analysis we need because it tells us something about what each can looks like in its present form. it tells us do we really want to use this can like this or do we need to melt it down and reshape it and use it for different parts of the whole system? and we're going to need more of these analyses. we'll need more analyses not just the distributional effects but the tradeoffs. for example if we want to keep tax cuts low, we need to broaden the base. what are some different tradeoffs if i want to lower the rates by 10%, how much am i going to have to broad the base. what are the most progressive elements of that? tax policy center will be busy in the next year is what i predict and, i think that what wee need to do is kee
in terms of achieving the same amount of deficit reduction over the 10-year window. just use the budge -- budget committees and budge budget process to enforce this. to come up with reforms that achieve certain spending or revenue targets. the tpc's analysis is the kind of analysis we're going to need to be able to recycle as we go. it is the kind of analysis we need because it tells us something about what each can looks like in its present form. it tells us do we really want to use this can...
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Oct 2, 2012
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number two, to make the deficit go away and live within our means. i was not able to do it. >> sean: we have much more with governor schwarzenneger. is he supporting a candidate this election? that is coming up next. >> sean: we continue now with arnold schwarzenegger. he's written a new memoir. it's called "total recall: my unbelievably true life story." you talk about in your book, you go through a childhood where you grew up, where you had to walk to get water. >> milk. >> sean: milk. you didn't have a bathroom. you didn't have running water. you didn't have any of the bare necessities. >> right. >> sean: but you survived as a family. you talked about a tough childhood with your father. he would come home once a week intoxicated, be tough on the whole family. but here we are in a country, do you think at this time in this country, 49 million americans needing foods stamps, 1 in 6 in poverty. >> it's important we get our world economy back, and the united states gets our economy back again. as i said earlier, just alone, if you build the infrastruc
number two, to make the deficit go away and live within our means. i was not able to do it. >> sean: we have much more with governor schwarzenneger. is he supporting a candidate this election? that is coming up next. >> sean: we continue now with arnold schwarzenegger. he's written a new memoir. it's called "total recall: my unbelievably true life story." you talk about in your book, you go through a childhood where you grew up, where you had to walk to get water. >>...
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Sep 27, 2012
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over the last four years the deficit has gone up. but 90% of that is consequence of two wars that weren't paid for. prescription drug plan that wasn't paid for. worst economic disaster since depression. >> dana: he got four pinocchios. >> greg: nobody is buying this. this is presidential equivalent of the dog ate my homework or the president ate my dog who ate my homework. let it go. it's over. both parties are to blame about spending. but he tied a rocket to it. you know? that is a fat guy tweaking. >> do we even know what kind of dog? >> dana: i don't really -- >> eric: talk walking down the street -- >> greg: who speaks for eaten dog. >> bob: good example of -- do go ahead. >> eric: to give you an example. okay. so -- [over talking ] under president obama whic thiss what we have gotten. $100, economic activity. it cost us $3 trillion. $300 in debt. but to get $300 in debt, you have to spend $700. you have to spend $700 to get the $100 economic activity under president obama. >> kimberly: don't give that to bob. >> eric: give me a
over the last four years the deficit has gone up. but 90% of that is consequence of two wars that weren't paid for. prescription drug plan that wasn't paid for. worst economic disaster since depression. >> dana: he got four pinocchios. >> greg: nobody is buying this. this is presidential equivalent of the dog ate my homework or the president ate my dog who ate my homework. let it go. it's over. both parties are to blame about spending. but he tied a rocket to it. you know? that is a...
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Oct 3, 2012
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not about deficit reduction. it is all about tax cuts, but more than any of that, it is about a political philosophy. let's turn over medicare to the private sector. that takes us back before 1965 when the issues at stake, the inability of seniors to afford health care and the inability of their family to provide cost of health care, that is not the direction. not the direction that we need to go in with medicare. it does not need to be privatized. we are not going to let it happen. i would like to introduce now my cochair, congressman george miller. >> thank you very much. i want to thank everyone for attending this morning. the information conveyed by the personal witnesses and by the experts was simply a devastating message to current retirees on the thousands of dollars that they will now have to come up with as they continue to use medicare in the future. a program that they pay their entire working life for in order to have those benefits. the romney-ryan budget now changes that contract and they will not b
not about deficit reduction. it is all about tax cuts, but more than any of that, it is about a political philosophy. let's turn over medicare to the private sector. that takes us back before 1965 when the issues at stake, the inability of seniors to afford health care and the inability of their family to provide cost of health care, that is not the direction. not the direction that we need to go in with medicare. it does not need to be privatized. we are not going to let it happen. i would...
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Oct 3, 2012
10/12
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if you think about how we're running our country right now, we have about a 10% deficit when you look at the revenues we're bringing in and expenditures we have. rising interest rates would only exacerbate that problem. all of the policymakers know that, both on the monetary side and fiscal side. >> that's kind of a scary thought when you think about it. you seem to be saying that bernanke or whomever may run the fed in the future is going to be behold ton lower rates not necessarily to help jump-start the economies as well as make sure we don't get swamped by our budget deficit, if rates went up, our interest payments would escalate dramatically. >> david, that's exactly right. we may not be able to jump-start the economy. perhaps the best we can do is keep it from going into a free fall. that's a reality we're all contending with right now. >> all trying to figure out where we put our money in that scenario. lee, that for your time. lee partridge from salient partners. back to you guys. >>> there is mounting evidence that housing is really starting to turn the corner and the re-fi b
if you think about how we're running our country right now, we have about a 10% deficit when you look at the revenues we're bringing in and expenditures we have. rising interest rates would only exacerbate that problem. all of the policymakers know that, both on the monetary side and fiscal side. >> that's kind of a scary thought when you think about it. you seem to be saying that bernanke or whomever may run the fed in the future is going to be behold ton lower rates not necessarily to...
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Sep 29, 2012
09/12
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CNN
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more jobs will slash that deficit. >>> our third story, another day, another bad set of numbers for mitt romney. there are two new polls today by the american research group and they have mitt romney trailing president obama in two more swing states. five points in new hampshire and two in virginia. although i wanted to highlight the virginia one. there had been other polls to show that gap wider. this would be a much better than expected result than some of the others we've seen. this week -- has not been kind to the republican candidate as polls have shown him falling behind the president. but he is not showing any change in confidence. >> i've got a little secret here and that is that obama campaign thinks that pennsylvania is in their pocket. they don't need to worry about it. and you're right and they're wrong. we're going to win pennsylvania. we're going to take the white house. >> he's going to have to overcome a big deficit to do it, but people do like a comeback kid. max, jen, the obama campaign press secretary. two very different problems. one, you don't want to get complacent
more jobs will slash that deficit. >>> our third story, another day, another bad set of numbers for mitt romney. there are two new polls today by the american research group and they have mitt romney trailing president obama in two more swing states. five points in new hampshire and two in virginia. although i wanted to highlight the virginia one. there had been other polls to show that gap wider. this would be a much better than expected result than some of the others we've seen. this...
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Oct 4, 2012
10/12
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KRCB
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we ended up moving from surplus to deficits. and it all culminated in the worst financial crise since the great depression. bill clinton tried the approach that i'm talking about. we created 23 million new jobs. we went from deficit to surplus, and businesses did very well. so in some ways, we've got some data on which approach is more likely to create jobs and opportunity for americans and i believe that the economy works best when middle-class families are getting tax breaks so that they've got some money in their pockets, and those of us who have done extraordinarily well because of this magnificent country that we live in, that we can afford to do a little bit more to make sure we're not blowing up the deficit. >> jim, the president began this segment, so i think i get the last word, so i'm going to take it. >> lehrer: you're going to get the first word in this segment. >> let me just make this comment-- let me repeat what i said. i'm not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put in place a
we ended up moving from surplus to deficits. and it all culminated in the worst financial crise since the great depression. bill clinton tried the approach that i'm talking about. we created 23 million new jobs. we went from deficit to surplus, and businesses did very well. so in some ways, we've got some data on which approach is more likely to create jobs and opportunity for americans and i believe that the economy works best when middle-class families are getting tax breaks so that they've...
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Oct 2, 2012
10/12
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the obama budget has been scored by the cbo and has a 2.4% deficit-reduction in the next 10 years. you can argue over what you think that is enough in not to stabilize the debt to gdp ratio but conversely, i'm not actually sure i would want to see ronnie detail all of the tax expenditure changes he says he will come up with. the problem, of course, is betting campaign, if people -- is tt in campaigns, if people start putting out more detailed proposals, demobilize the opposition. this is kind of like the 1993 securities commission. the two parties can hold hands and they do not start out being a brahney proposal or an obama proposal or a republican proposal or a democrat proposal. i am interested in what is in the debates in the next four weeks -- i am less interested in what is in the debates in the next four weeks and then what the vendor does in the weeks after the election. >> why would you like to hear -- what would you like to hear obama say in the weeks after the election? >> we are not going to have a deal that does not have revenues and spending. the biggest obstacle is on
the obama budget has been scored by the cbo and has a 2.4% deficit-reduction in the next 10 years. you can argue over what you think that is enough in not to stabilize the debt to gdp ratio but conversely, i'm not actually sure i would want to see ronnie detail all of the tax expenditure changes he says he will come up with. the problem, of course, is betting campaign, if people -- is tt in campaigns, if people start putting out more detailed proposals, demobilize the opposition. this is kind...
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Oct 3, 2012
10/12
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CNBC
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that's a lot of revenue that could help with deficit, deficit reduction and our debt structure. the third piece of that is we could become more energy secure as a nation. today we're less reliant on outside sources. new technologies have allowed us to produce all the energy we'll need right here at home. if we create policies to allow us to use americans to create american energy, it'll benefit us all. those are the things that could be done immediately. >> so how come the administration isn't doing it, if it's that obvious these jobs can be created soon? >> well, it's unfortunate because i think their limitations on the industry is driven by, in my view, extreme ideology. it's driven by an irresponsible view that we can switch from one energy form to the other overnight. somehow, we can take the 62% of our energy in the u.s., which happens to be oil and natural gas, and just flip a switch and turn that to wind mills or solar panels. all energy forms are important to us, but the reality is it took us 100 years in the united states to get off wood as our primary form of energy. w
that's a lot of revenue that could help with deficit, deficit reduction and our debt structure. the third piece of that is we could become more energy secure as a nation. today we're less reliant on outside sources. new technologies have allowed us to produce all the energy we'll need right here at home. if we create policies to allow us to use americans to create american energy, it'll benefit us all. those are the things that could be done immediately. >> so how come the administration...
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Sep 30, 2012
09/12
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CSPAN
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[cheers and applause] we have already reduced the deficit. in four years, we will reduce it by another $1 trillion. there is an easy way to do this. we have to make some difficult decisions. we have to ask the very wealthy to pay more. ladies and gentlemen, we are going to end the war in afghanistan as we did in iraq. [cheers and applause] and in the process, over the next decade, save over $800 million. we're going to come home with that money and put half of it down to reduce the debt and half of it to rebuild america! [cheers and applause] roads, bridges, schools. that will support millions over time. initially, tens of thousands of new, good paying, decent jobs that you can raise a family on. folks, one more thing. in this country, we only have one truly sacred obligation. we have a lot of obligations to the elderly, to the young. we only have one truly sacred obligation. that is to equip and support those whom we sent to war and care for them when they come home from war. [cheers and applause] how many of you either have personally serve
[cheers and applause] we have already reduced the deficit. in four years, we will reduce it by another $1 trillion. there is an easy way to do this. we have to make some difficult decisions. we have to ask the very wealthy to pay more. ladies and gentlemen, we are going to end the war in afghanistan as we did in iraq. [cheers and applause] and in the process, over the next decade, save over $800 million. we're going to come home with that money and put half of it down to reduce the debt and...
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Oct 4, 2012
10/12
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no tax cut that adds to the deficit. i want to reduce the burden being paid by middle income americans. to do that, that also means i cannot reduce the burden paid by high-income americans. any language to the contrary is not accurate. >> let's talk about taxes, because i think it is instructive. four years ago when i stood on this stage i said i would cut taxes for middle class families. that's exactly what i did. we cut taxes for middle class families by about $33,600. -- by about $3,600. the reason is, i believe we do best when the middle class does well. and by giving them those tax ts, they have a little more money in their pocket so maybe they can buy a new car. they are certainly in a better position to weather the extraordinary recession we went through. they can buy a computer for their kid who is going off to college. it means they are spending more money, businesses have more profits and then hire more workers. now governor romney's proposal that he's been promoting for 18 months calls for a $5 trillion tax cu
no tax cut that adds to the deficit. i want to reduce the burden being paid by middle income americans. to do that, that also means i cannot reduce the burden paid by high-income americans. any language to the contrary is not accurate. >> let's talk about taxes, because i think it is instructive. four years ago when i stood on this stage i said i would cut taxes for middle class families. that's exactly what i did. we cut taxes for middle class families by about $33,600. -- by about...
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Oct 1, 2012
10/12
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MSNBC
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he's increased the deficit a trillion dollars a year. so let's start with the failures of this administration. mitt romney has said look, we've got to cut spending, we're broke, we've overpromised, we've overspent -- >> but sir -- >> and -- >> governor, where would he cut the spending. >> let's trust him on that. >> you cut a lot of domestic -- we've already got a plan to cut a trillion -- $1.2 trillion. half of it is balanced on defense spending in a time of war. that's a mistake. and so i think we need to cut trillions of dollars in order to get our budget balanced. and you could start with cutting two or three or 4% almost across the board some of the things that other governors have done, by i think you target it in those areas where the spending has not produced tangible results in the quality of life for the people. i can just tell you, andrea, i did it in virginia, governors like christie and scott and kasic and walker have done it in all of their states, mitt romney did it when he was governor of massachusetts, $3.5 billion defic
he's increased the deficit a trillion dollars a year. so let's start with the failures of this administration. mitt romney has said look, we've got to cut spending, we're broke, we've overpromised, we've overspent -- >> but sir -- >> and -- >> governor, where would he cut the spending. >> let's trust him on that. >> you cut a lot of domestic -- we've already got a plan to cut a trillion -- $1.2 trillion. half of it is balanced on defense spending in a time of war....